Growing Applicability of Geomembranes Market
Posted by Robin White on November 6th, 2019
The Global Geomembranes Market is projected to reach USD 3.41 Billion by 2021 at a CAGR of 9.2% from 2016 to 2021, in terms of value. Growing levels of environmental awareness compel governments of various countries to impose stringent regulations for water and waste management, which in turn leads to an increase in the consumption of geomembranes. Moreover, the increasing applicability of geomembranes for various applications including mining, heap leach pads, wastewater runoff ponds, and tailing ponds, among others also lead to the high demand for geomembranes.
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Geomembranes are used in applications including waste management, mining, water management, tunnel lining, and others, which are the main applications considered in the report. The waste management segment led the global geomembranes market, in terms of volume, in 2015, owing to the increasing demand for geomembranes in waste management applications such as landfill liners.
Waste management segment projected to lead the geomembranes market
Geomembranes are used in various applications, such as waste management, mining, water management, tunnel lining, and others. The waste management application segment is estimated to have led the geomembranes market in terms of value as well as volume, followed by the mining segment in 2016. Geomembranes are used for the management for various types of wastes such as solid & municipal waste, anti-seepage, hazardous waste, construction & demolition waste, and industrial waste in order to protect the environment.
North America, Europe, the Asia-Pacific region, Middle East & Africa, and South America are the key markets considered for geomembranes in the report. North America is expected to lead the geomembranes market, owing to the rising demand for geomembranes, driven by their increased use in the waste management and mining industries. Europe is the second-largest consumer of geomembranes, globally. Also, the stringent regulatory framework for environmental protection is driving the demand for geomembranes in various applications, such as energy, oil & gas, coal ash containment, agriculture, civil, liquid containment, concrete protection, spill or secondary containment, athletic, environmental, and industrial applications.
